Industrial stagnation and shrinking private investment have caused 1.4 million (14 lakh) people to lose jobs, leaving them “wandering on the streets without employment,” Ha-Meem Group Managing Director and former FBCCI president A.K. Azad said on Saturday. Speaking at the opening sessi
Despite the ongoing digital transformation in the banking sector, about 75 per cent of total customers in the country still remain outside any digital banking services, according to a study by the Bangladesh Institute of Bank Management (BIBM). "The percentage of total customers who currently use
Bangladesh's economy is trapped in a difficult-to-break vicious cycle of high interest rates, persistent inflation, weak investment, and slowing gross domestic product (GDP) growth, making it increasingly challenging to revive private-sector activities, experts say. They note that the financial se
Bangladesh’s economy has slipped into a vicious circle of high interest rates, persistent inflation, weak investment and slowing GDP growth, making it increasingly difficult to break out of the cycle, said Dr Zaidi Sattar, Chairman of the Policy Research Institute of Bangladesh (PRI). Speaki
The classified loans in the country’s banking sector hit an all-time high at Tk 6.44 trillion in September 2025, accounting for 35.73 per cent of the entire loans worth Tk 18.04 trillion disbursed by all scheduled banks. The volume of non-performing loans (NPLs) rose to Tk 6.44 trillion as o
Bangladesh reduced poverty significantly between 2010-2022, lifting 25 million people out of poverty and another 9 million people out of extreme poverty while improving living standards and access to essential services like electricity, education, and sanitation, but since 2016, the pace of poverty
A total of 365,472 financial units were excluded from the count of the Economic Census, according to a survey. The Economic Census, conducted in 2024, had recorded over 11.88 million financial establishments, but a later Post Enumeration Check (PEC) revealed that the national Net Coverage Er
Finance Adviser Dr Salehuddin Ahmed on Monday said the government may need to revise the election budget as holding the national election and the referendum on the same day will inevitably raise costs, particularly for security and manpower. “When we first received their proposal, the refere
Mongla Port, the country's second-largest seaport, recorded the arrival of 324 foreign commercial ships in the first 146 days of the current 2025-26 fiscal year (FY), significantly boosting its revenue earnings. According to the Mongla Port Authority (MPA), of the total ships, 41 carried 13,854 TE
Bangladesh Bank has suspended all citizen-facing services, including the buying, selling and encashment of national savings certificates, at all of its offices. The halt also covers prize bond services, the exchange of torn or damaged banknotes, and A-challan transactions, officials said. The sus
The interim government has reversed years of aggressive bank borrowing, opting instead to repay outstanding loans in a move economists said could unlock fresh credit for the private sector and cool inflationary pressures. The policy shift marks a clear departure from the previous administration, w
Bangladesh Bank (BB) will discontinue five major public services, including the sale of savings certificates (Sanchayapatra) and prize bonds, from November 30 as part of a broader effort to modernise its operations and strengthen security across its offices. Sources at the central bank said the mo
Inflow of remittances witnessed a year-on-year growth of 35.2 percent reaching US$1,697 million in the 16 days of November, according to the latest data of Bangladesh Bank (BB) issued on Monday. Last year, during the same period, the country's remittance inflow was $1,255 million, reports BSS. Du
